Equity ownership has doubled since 2008. We are sitting at ~31% of net worth in stocks vs <30% in real estate.
This is a massive divergence. We are overweight "promises" (equities) and underweight "physics" (property).
Asset owners are winning, but the quality of the wealth has changed. It’s more liquid, more volatile, and infinitely more fragile.
Don't confuse a high net worth with a stable foundation.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
We are drowning in paper wealth.
Equity ownership has doubled since 2008. We are sitting at ~31% of net worth in stocks vs <30% in real estate.
This is a massive divergence. We are overweight "promises" (equities) and underweight "physics" (property).
Asset owners are winning, but the quality of the wealth has changed. It’s more liquid, more volatile, and infinitely more fragile.
Don't confuse a high net worth with a stable foundation.